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13
FortWayne
2018 Jun 4, 5:49pm
FortWayne
2018 Jun 4, 5:49pm
I don’t know, Democrats sure bash it daily like it eats children or something.
Strategist says
Strategist says
So sad. Damn Americans........why did they develop fracturing?
14
Strategist
2018 Jun 4, 8:45pm
Strategist
2018 Jun 4, 8:45pm
HEYYOU says
OK you have a point. My point is.....If you MUST burn fossil fuel, lets burn American fossil fuel. Or fossil fuel from our friends.
Burn million year old carbon quickly,no consequences.
OK you have a point. My point is.....If you MUST burn fossil fuel, lets burn American fossil fuel. Or fossil fuel from our friends.
15
RWSGFY
2018 Jun 20, 5:52pm
RWSGFY
2018 Jun 20, 5:52pm
KIEV, Jun 19 (PRIME) -- Ukrainian energy holding Naftogaz Ukrainy has received an approval of the Commercial Court of London to freeze assets of Russian gas giant Gazprom in the U.K. under a previous decision of the Stockholm arbitration court, CCO Yury Vitrenko said on his Facebook page on Tuesday.
“We have been waiting so far for cancellation of a court of appeals decision on suspension of execution of the arbitration court’s decision in the Netherlands and Switzerland. Still, this did not block us from receiving orders of a U.K. court to freeze Gazprom assets for further enforced recovery. We have just received the orders for Gazprom,” he said.
Ukrainian news agency UNIAN reported that Vitrenko referred to a decision of the Commercial Court of London that stipulated that Gazprom has to submit a list of all U.K. and Welsh assets with a price of over U.S. $50,000 to Naftogaz Ukrainy within 48 hours after receiving the order.
The Stockholm arbitration court ruled earlier in 2018 that Gazprom must pay Naftogaz Ukrainy U.S. $2.56 billion for non-shipment of gas.
http://www.1prime.biz/news/oil_gas/_Naftogaz_Ukrainy_says_London_court_permits_arrest_of_Gazprom_assets/0/%7BD6CA1D82-8698-47AE-97E3-3C9C654690AB%7D.uif?layout=print
“We have been waiting so far for cancellation of a court of appeals decision on suspension of execution of the arbitration court’s decision in the Netherlands and Switzerland. Still, this did not block us from receiving orders of a U.K. court to freeze Gazprom assets for further enforced recovery. We have just received the orders for Gazprom,” he said.
Ukrainian news agency UNIAN reported that Vitrenko referred to a decision of the Commercial Court of London that stipulated that Gazprom has to submit a list of all U.K. and Welsh assets with a price of over U.S. $50,000 to Naftogaz Ukrainy within 48 hours after receiving the order.
The Stockholm arbitration court ruled earlier in 2018 that Gazprom must pay Naftogaz Ukrainy U.S. $2.56 billion for non-shipment of gas.
http://www.1prime.biz/news/oil_gas/_Naftogaz_Ukrainy_says_London_court_permits_arrest_of_Gazprom_assets/0/%7BD6CA1D82-8698-47AE-97E3-3C9C654690AB%7D.uif?layout=print
16
MisdemeanorRebel
2018 Jun 20, 5:57pm
MisdemeanorRebel
2018 Jun 20, 5:57pm
Hassan_Rouhani says
But Trump is in the pocket of Putin!!!
The MSM who never lies told me so!
Did you get this from Fox News?
US considering sanctions on Nord Stream 2 firms: report
But Trump is in the pocket of Putin!!!
The MSM who never lies told me so!
Did you get this from Fox News?
17
RWSGFY
2019 Dec 17, 2:32pm
RWSGFY
2019 Dec 17, 2:32pm
Bill Imposing Sanctions on Companies Building Russian Gas Pipeline Heads to White House
Dec. 17, 2019, at 3:45 p.m.
BY TIMOTHY GARDNER
WASHINGTON (Reuters) - The U.S. Senate on Tuesday passed legislation to slap sanctions on companies building a massive underwater pipeline to bring Russian natural gas to Germany, but it was uncertain whether the measures would slow completion of the project.
The Senate easily passed the U.S. defense policy bill with language backed by Senators Ted Cruz, a Republican, and Jeanne Shaheen, a Democrat, imposing sanctions on companies laying pipeline for the $11 billion Nord Stream 2 project. It now goes to the White House, where President Donald Trump is expected to sign it.
https://www.usnews.com/news/world/articles/2019-12-17/bill-imposing-sanctions-on-companies-building-russian-gas-pipeline-heads-to-white-house
Dec. 17, 2019, at 3:45 p.m.
BY TIMOTHY GARDNER
WASHINGTON (Reuters) - The U.S. Senate on Tuesday passed legislation to slap sanctions on companies building a massive underwater pipeline to bring Russian natural gas to Germany, but it was uncertain whether the measures would slow completion of the project.
The Senate easily passed the U.S. defense policy bill with language backed by Senators Ted Cruz, a Republican, and Jeanne Shaheen, a Democrat, imposing sanctions on companies laying pipeline for the $11 billion Nord Stream 2 project. It now goes to the White House, where President Donald Trump is expected to sign it.
https://www.usnews.com/news/world/articles/2019-12-17/bill-imposing-sanctions-on-companies-building-russian-gas-pipeline-heads-to-white-house
18
Booger
2019 Dec 17, 2:39pm
Booger
2019 Dec 17, 2:39pm
If Russia hadn't bullied Poland, and others, so much, they wouldn't have to build this pipeline.
19
RWSGFY
2019 Dec 17, 2:46pm
RWSGFY
2019 Dec 17, 2:46pm
Booger says
The idea behind these "bypass" pipelines is to open the door to full-blown attack on Ukraine. As things stand now they can't do it because the transit pipeline would most definitely be blown up in many places thus effectively ending Russian gas exports to Europe.
If Russia hadn't bullied Poland, and others, so much, they wouldn't have to build this pipeline.
The idea behind these "bypass" pipelines is to open the door to full-blown attack on Ukraine. As things stand now they can't do it because the transit pipeline would most definitely be blown up in many places thus effectively ending Russian gas exports to Europe.
20
Bd6r
2019 Dec 18, 8:34am
Bd6r
2019 Dec 18, 8:34am
Booger says
And killed a planeload of Polish officials near Smolensk...
If Russia hadn't bullied Poland, and others, so much, they wouldn't have to build this pipeline.
And killed a planeload of Polish officials near Smolensk...
21
RWSGFY
2019 Dec 20, 11:41pm
RWSGFY
2019 Dec 20, 11:41pm
21 December 2019
Allseas suspends Nord Stream 2 pipelay activities
In anticipation of the enactment of the National Defense Authorization Act (NDAA), Allseas has suspended its Nord Stream 2 pipelay activities.
https://allseas.com/news/allseas-suspends-nord-stream-2-pipelay-activities/
Allseas suspends Nord Stream 2 pipelay activities
In anticipation of the enactment of the National Defense Authorization Act (NDAA), Allseas has suspended its Nord Stream 2 pipelay activities.
https://allseas.com/news/allseas-suspends-nord-stream-2-pipelay-activities/
22
Booger
2019 Dec 21, 4:55am
Booger
2019 Dec 21, 4:55am
Liberal_in_blackface says
Because a pipeline in the Baltic can't be attacked???
Booger saysIf Russia hadn't bullied Poland, and others, so much, they wouldn't have to build this pipeline.
The idea behind these "bypass" pipelines is to open the door to full-blown attack on Ukraine. As things stand now they can't do it because the transit pipeline would most definitely be blown up in many places thus effectively ending Russian gas exports to Europe.
Because a pipeline in the Baltic can't be attacked???
23
Bd6r
2019 Dec 21, 7:47am
Bd6r
2019 Dec 21, 7:47am
Booger says
Russians would not blow up pipeline in Baltic, but provide they have alternative means of gas transport they will blow up pipeline in Ukraine themselves (via their proxies in E. Ukraine).
Because a pipeline in the Baltic can't be attacked???
Russians would not blow up pipeline in Baltic, but provide they have alternative means of gas transport they will blow up pipeline in Ukraine themselves (via their proxies in E. Ukraine).
24
Booger
2019 Dec 21, 8:40am
Booger
2019 Dec 21, 8:40am
rd6B says
What's stopping someone from attacking a pipeline in the Baltic?
Russians would not blow up pipeline in Baltic, but provide they have alternative means of gas transport they will blow up pipeline in Ukraine themselves (via their proxies in E. Ukraine).
What's stopping someone from attacking a pipeline in the Baltic?
25
Bd6r
2019 Dec 21, 8:47am
Bd6r
2019 Dec 21, 8:47am
Booger says
The only "someone" attacking pipeline will be Russians themselves. Pipeline in Baltic Sea brings them money, so it will not be attacked. pipeline in Ukraine becomes obsolete if there is a pipeline in Baltic, so Russians themselves might blow it up to screw over Ukrainians.
What's stopping someone from attacking a pipeline in the Baltic?
The only "someone" attacking pipeline will be Russians themselves. Pipeline in Baltic Sea brings them money, so it will not be attacked. pipeline in Ukraine becomes obsolete if there is a pipeline in Baltic, so Russians themselves might blow it up to screw over Ukrainians.
26
RWSGFY
2019 Dec 21, 8:48am
RWSGFY
2019 Dec 21, 8:48am
Booger says
Why attack it in the first place?
rd6B saysRussians would not blow up pipeline in Baltic, but provide they have alternative means of gas transport they will blow up pipeline in Ukraine themselves (via their proxies in E. Ukraine).
What's stopping someone from attacking a pipeline in the Baltic?
Why attack it in the first place?
27
RWSGFY
2019 Dec 23, 4:23pm
RWSGFY
2019 Dec 23, 4:23pm
Fun fact: CEO of Nord Stream 2, Matthias Warnig, is a former Stasi agent.
28
RWSGFY
2020 Feb 14, 12:49pm
RWSGFY
2020 Feb 14, 12:49pm
https://finance.yahoo.com/news/nobody-see-bottom-europe-plunging-105922904.html
Nobody Can See Bottom for Europe’s Plunging Natural Gas Market
[Bloomberg]
Vanessa Dezem and Will Mathis
,Bloomberg•February 14, 2020
(Bloomberg) -- As natural gas prices across the Atlantic are flirting with their lowest level in more than two decades, European energy traders this week struck a very bearish tone at a giant industry event in Germany’s industrial heartland.
The global glut of the fuel has seen prices plunge in the U.S., Europe and Asia as a wave of liquefied natural gas hits the market. Associated gas from oil fields in North America also boosted supplies at a time when demand growth is under threat from a slowing global economy and the coronavirus.
Against a noisy backdrop of live music from saxophones and violins to pouring of beer at plush corporate stands at the E-World in Essen, more than a dozen traders, executives and analysts quizzed by Bloomberg were so perplexed by the slump they wouldn’t pinpoint a low. The bearish market was a main talking point at the event, which attracted more than 25,000 visitors from Europe and beyond.
“It is possible that gas prices in Europe will decline even further,” said Domenico De Luca, head of trading and sales at Swiss utility Axpo Holding AG. “There are a lot of bearish signals in the short term,” he said, citing full gas stores and even more LNG supply coming online in the summer.
The European benchmark slumped by almost half last year and has slid a further 27% this year to trade near their lowest in more than a decade. That comes as Asian LNG has never been cheaper and U.S. futures are near levels last seen in 1998.
The coronavirus outbreak added another layer of difficulty for gas shipments as trade patterns shifted with more LNG cargoes heading for Europe as Chinese demand dived. At the same time, the absence of any real winter in the Northern Hemisphere added even more pressure on prices.The mild weather has also left European storage sites almost full, which will translate into record low injections this summer, De Luca said. That means prices could continue to slide until they reach a point where it doesn’t make financial sense to sell into the market.
But those levels still appear some way off. Tor Martin Anfinnsen, a senior vice-president at Norway’s Equinor ASA, said in an interview that the region’s second biggest supplier had no plans to curb supplies.
“If someone is hoping for supply relief from Norway, we will have to disappoint them,” Anfinnsen said in Essen. “We will be the last ones to turn off the taps. We are far away from reducing flows.”Oil prices have also slid this year, another victim of the coronavirus, leading some OPEC members to consider deeper cuts in oil output. The group’s most important ally, Russia, is not so sure, promising OPEC an answer “soon.”
Essen is also the home of RWE AG, Germany’s biggest power producer who will receive almost $3 billion to shut its coal plants by 2038. One result of the cheap gas prices is that coal burn at power stations slumped last year. That’s good for the environment since coal is twice as polluting as gas.
Russian Gas
As the traders in Essen focused on the oversupply, one industry executive on Friday talked up the need for more gas from Russia, the region’s biggest supplier.
Austrian energy company OMV AG helped finance the Nord Stream 2 pipeline, which will bring Siberian fuel directly to Germany. It’s being delayed after the pipe-laying company hired to complete it was hit by U.S. sanctions.
“From my point of view, the market needs this additional gas” as domestic European supplies are dwindling, OMV Chief Executive Officer Rainer Seele told Bloomberg Television.
In the meantime, Ewout Eijkelenboom, senior consultant at Kyos Energy Consulting in the Netherlands, thinks that prices could fall until at least the summer.
“It won’t be a straight line, we will see bumps,” he said. “The LNG market is in a cycle where many projects are coming online at the same time and demand is not responding.”
=============
Note the cheap Russian whores like that Rainer Seele fuck still peddling the "need for Russian pipelines" while the market is drowning in NG oversupply.
Nobody Can See Bottom for Europe’s Plunging Natural Gas Market
[Bloomberg]
Vanessa Dezem and Will Mathis
,Bloomberg•February 14, 2020
(Bloomberg) -- As natural gas prices across the Atlantic are flirting with their lowest level in more than two decades, European energy traders this week struck a very bearish tone at a giant industry event in Germany’s industrial heartland.
The global glut of the fuel has seen prices plunge in the U.S., Europe and Asia as a wave of liquefied natural gas hits the market. Associated gas from oil fields in North America also boosted supplies at a time when demand growth is under threat from a slowing global economy and the coronavirus.
Against a noisy backdrop of live music from saxophones and violins to pouring of beer at plush corporate stands at the E-World in Essen, more than a dozen traders, executives and analysts quizzed by Bloomberg were so perplexed by the slump they wouldn’t pinpoint a low. The bearish market was a main talking point at the event, which attracted more than 25,000 visitors from Europe and beyond.
“It is possible that gas prices in Europe will decline even further,” said Domenico De Luca, head of trading and sales at Swiss utility Axpo Holding AG. “There are a lot of bearish signals in the short term,” he said, citing full gas stores and even more LNG supply coming online in the summer.
The European benchmark slumped by almost half last year and has slid a further 27% this year to trade near their lowest in more than a decade. That comes as Asian LNG has never been cheaper and U.S. futures are near levels last seen in 1998.
The coronavirus outbreak added another layer of difficulty for gas shipments as trade patterns shifted with more LNG cargoes heading for Europe as Chinese demand dived. At the same time, the absence of any real winter in the Northern Hemisphere added even more pressure on prices.The mild weather has also left European storage sites almost full, which will translate into record low injections this summer, De Luca said. That means prices could continue to slide until they reach a point where it doesn’t make financial sense to sell into the market.
But those levels still appear some way off. Tor Martin Anfinnsen, a senior vice-president at Norway’s Equinor ASA, said in an interview that the region’s second biggest supplier had no plans to curb supplies.
“If someone is hoping for supply relief from Norway, we will have to disappoint them,” Anfinnsen said in Essen. “We will be the last ones to turn off the taps. We are far away from reducing flows.”Oil prices have also slid this year, another victim of the coronavirus, leading some OPEC members to consider deeper cuts in oil output. The group’s most important ally, Russia, is not so sure, promising OPEC an answer “soon.”
Essen is also the home of RWE AG, Germany’s biggest power producer who will receive almost $3 billion to shut its coal plants by 2038. One result of the cheap gas prices is that coal burn at power stations slumped last year. That’s good for the environment since coal is twice as polluting as gas.
Russian Gas
As the traders in Essen focused on the oversupply, one industry executive on Friday talked up the need for more gas from Russia, the region’s biggest supplier.
Austrian energy company OMV AG helped finance the Nord Stream 2 pipeline, which will bring Siberian fuel directly to Germany. It’s being delayed after the pipe-laying company hired to complete it was hit by U.S. sanctions.
“From my point of view, the market needs this additional gas” as domestic European supplies are dwindling, OMV Chief Executive Officer Rainer Seele told Bloomberg Television.
In the meantime, Ewout Eijkelenboom, senior consultant at Kyos Energy Consulting in the Netherlands, thinks that prices could fall until at least the summer.
“It won’t be a straight line, we will see bumps,” he said. “The LNG market is in a cycle where many projects are coming online at the same time and demand is not responding.”
=============
Note the cheap Russian whores like that Rainer Seele fuck still peddling the "need for Russian pipelines" while the market is drowning in NG oversupply.
29
MisdemeanorRebel
2020 Feb 14, 1:03pm
MisdemeanorRebel
2020 Feb 14, 1:03pm
What does this mean for the Iranian Oil Bourse? Will it still replace the USD in Energy Trades with the CoronaRenMenBi?
30
Bd6r
2020 Feb 14, 6:49pm
Bd6r
2020 Feb 14, 6:49pm
NoCoupForYou says
Yeah, have been reading about this at ZH for ten years now. Soon, very soon all oil trade will be denominated in [rubles], or [dinars], or [kauri seashells], and US of A economy will die a flaming death.
What does this mean for the Iranian Oil Bourse? Will it still replace the USD in Energy Trades with the CoronaRenMenBi?
Yeah, have been reading about this at ZH for ten years now. Soon, very soon all oil trade will be denominated in [rubles], or [dinars], or [kauri seashells], and US of A economy will die a flaming death.
31
RWSGFY
2020 Mar 2, 11:54am
RWSGFY
2020 Mar 2, 11:54am
U.S. Says It Has Thwarted $6 Billion Russia-Germany Gas Pipeline
Patrick Donahue and Matthew Miller
BloombergFebruary 15, 2020
(Bloomberg) -- President Donald Trump’s top energy official said he’s confident that Russia won’t be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea -- and signaled that the U.S. will press forward with its opposition to the project.
Asked about Russian efforts to circumvent U.S. sanctions on the pipeline by completing it on its own, U.S. Energy Secretary Dan Brouillette said “they can’t” -- and dismissed claims that project owner Gazprom PJSC will face only a short delay.
“It’s going to be a very long delay, because Russia doesn’t have the technology,” Brouillette said in an interview at the Munich Security Conference on Saturday. “If they develop it, we’ll see what they do. But I don’t think it’s as easy as saying, well, we’re almost there, we’re just going to finish it.”
The pipeline, which would pump as much as 55 billion cubic meters of natural gas annually from fields in Siberia directly to Germany, has become a focus for geopolitical tensions across the Atlantic. Trump has assailed Germany for giving “billions” to Russia for gas while it benefits from U.S. protection.
Nord Stream 2’s owners had invested 5.8 billion euros ($6.3 billion) in the project by May 2019, according to company documents.
https://finance.yahoo.com/news/u-says-thwarted-6-billion-154551054.html
Patrick Donahue and Matthew Miller
BloombergFebruary 15, 2020
(Bloomberg) -- President Donald Trump’s top energy official said he’s confident that Russia won’t be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea -- and signaled that the U.S. will press forward with its opposition to the project.
Asked about Russian efforts to circumvent U.S. sanctions on the pipeline by completing it on its own, U.S. Energy Secretary Dan Brouillette said “they can’t” -- and dismissed claims that project owner Gazprom PJSC will face only a short delay.
“It’s going to be a very long delay, because Russia doesn’t have the technology,” Brouillette said in an interview at the Munich Security Conference on Saturday. “If they develop it, we’ll see what they do. But I don’t think it’s as easy as saying, well, we’re almost there, we’re just going to finish it.”
The pipeline, which would pump as much as 55 billion cubic meters of natural gas annually from fields in Siberia directly to Germany, has become a focus for geopolitical tensions across the Atlantic. Trump has assailed Germany for giving “billions” to Russia for gas while it benefits from U.S. protection.
Nord Stream 2’s owners had invested 5.8 billion euros ($6.3 billion) in the project by May 2019, according to company documents.
https://finance.yahoo.com/news/u-says-thwarted-6-billion-154551054.html
32
RWSGFY
2020 Mar 30, 11:45pm
RWSGFY
2020 Mar 30, 11:45pm
WARSAW (UrduPoint News / Sputnik - 30th March, 2020) Poland's state energy company PGNiG said on Monday it had won a case against Russia's Gazprom on the price for gas and now had a right to get $1.5 billion back.
According to the Polish company, "Stockholm's arbitration court had made a final ruling in an arbitral case of PGNiG against Gazprom and Gazprom Export regarding the decrease in contractual price for gas delivered by Gazprom under the natural gas sale-and-purchase contract, signed on September 25, 1996.
According to the Polish company, "Stockholm's arbitration court had made a final ruling in an arbitral case of PGNiG against Gazprom and Gazprom Export regarding the decrease in contractual price for gas delivered by Gazprom under the natural gas sale-and-purchase contract, signed on September 25, 1996.
34
MisdemeanorRebel
2020 Mar 31, 12:13pm
MisdemeanorRebel
2020 Mar 31, 12:13pm
rd6B says
Israel Shamir and Esteban or Papi Escobar or whatever his name is. Total Ayatollah Russia shills.
Yeah, have been reading about this at ZH for ten years now. Soon, very soon all oil trade will be denominated in [rubles], or [dinars], or [kauri seashells], and US of A economy will die a flaming death.
Israel Shamir and Esteban or Papi Escobar or whatever his name is. Total Ayatollah Russia shills.
35
RWSGFY
2020 Apr 20, 4:11pm
RWSGFY
2020 Apr 20, 4:11pm
The pipe layer which was coming from Far East to save the dying Nord Stream 2 project has suddenly changed its destination to Port Said:
Capitulation?
Capitulation?
36
RWSGFY
2020 May 26, 12:10pm
RWSGFY
2020 May 26, 12:10pm
(Bloomberg) -- Natural gas flows from Europe’s biggest supplier slumped after a price rout and with storage sites at above-average levels.
Flows from Russia via the Yamal-Europe pipeline that runs across Belarus and Poland to Mallnow, Germany, slumped to zero Tuesday after a sharp decline since Sunday. Shipments into Baumgarten in Austria, a major European hub for Russian gas, fell by 25% from its 10-day average.
Gazprom PJSC said it continues to use the Yamal-Europe link, with actual volumes depending on client requests. Operators Gascade Gastransport GmbH and Gas Connect Austria GmbH have not notified the market of any currently planned or unplanned works.
“Such a significant reduction in gas transit is primarily driven by weak demand in Europe amid warm winter, high levels of gas in underground storage and demand distortion due to Covid-19,” VTB Capital said in a note.
The European gas market has been watching for signs when key producers Russia and Norway will start curbing flows as an unprecedented glut keep on growing. Prices at the Dutch Title Transfer Facility, Europe’s biggest traded market, plunged as low as 3.365 euros a megawatt-hour last week, or $40.7 per 1,000 cubic meters. Those levels indicate that the economics have deteriorated even for low-cost producers such as Gazprom.
“We note that on average Gazprom pays around $47 per 1,000 cubic meters of transit costs for pipelines other than Nord Stream, including via Ukraine, where the company has ship-or-pay obligations,” VTB Capital said.
https://finance.yahoo.com/news/russian-gas-flows-europe-plunge-120744971.html
Flows from Russia via the Yamal-Europe pipeline that runs across Belarus and Poland to Mallnow, Germany, slumped to zero Tuesday after a sharp decline since Sunday. Shipments into Baumgarten in Austria, a major European hub for Russian gas, fell by 25% from its 10-day average.
Gazprom PJSC said it continues to use the Yamal-Europe link, with actual volumes depending on client requests. Operators Gascade Gastransport GmbH and Gas Connect Austria GmbH have not notified the market of any currently planned or unplanned works.
“Such a significant reduction in gas transit is primarily driven by weak demand in Europe amid warm winter, high levels of gas in underground storage and demand distortion due to Covid-19,” VTB Capital said in a note.
The European gas market has been watching for signs when key producers Russia and Norway will start curbing flows as an unprecedented glut keep on growing. Prices at the Dutch Title Transfer Facility, Europe’s biggest traded market, plunged as low as 3.365 euros a megawatt-hour last week, or $40.7 per 1,000 cubic meters. Those levels indicate that the economics have deteriorated even for low-cost producers such as Gazprom.
“We note that on average Gazprom pays around $47 per 1,000 cubic meters of transit costs for pipelines other than Nord Stream, including via Ukraine, where the company has ship-or-pay obligations,” VTB Capital said.
https://finance.yahoo.com/news/russian-gas-flows-europe-plunge-120744971.html
37
AD
2020 May 26, 12:19pm
AD
2020 May 26, 12:19pm
.
Strategist says
Its value is based mostly on a commodity. I agree, as Gazprom has to figure out how to become more productive or profitable.
At least it is good news for the German economy which depends a lot on Gazprom for natural gas.
.
Strategist says
Gassyprom does not innovate. It is dependent on the market only. Just like OPEC.
Its value is based mostly on a commodity. I agree, as Gazprom has to figure out how to become more productive or profitable.
At least it is good news for the German economy which depends a lot on Gazprom for natural gas.
.
38
RWSGFY
2020 May 27, 1:12pm
RWSGFY
2020 May 27, 1:12pm
Farewell from US Ambassador Grenell: New threat against Nord Stream 2
The United States is preparing further sanctions against Nord Stream 2.
Berlin Richard Grenell did not make many friends in Berlin, but this was never his intention. The outgoing US ambassador did not come as a diplomat, he came as a banner bearer of the America first ideology of his president Donald Trump - and so he also says goodbye.
In the usual undiplomatic tone, Grenell calls on the federal government to fundamentally rethink its policy on Russia. "Germany must stop feeding the beast while not paying enough for NATO ," he told the Handelsblatt. Grenell had already left Berlin on Sunday. He will probably never come back to Germany.
The Americans have long been bothered by German imports of Russian gas. Above all , they fought the Nord Stream 2 Baltic Sea pipeline with a determination that had long been underestimated in the federal government. At the end of last year, the USA managed to force a construction freeze. Your means: threats of sanction against western specialist companies who lay the pipes on the bottom of the Baltic Sea with their ships. Since then, the Russians have been trying to complete the rest of the pipeline themselves. To do this, they moved two ships to German coastal waters.
The movements of the ships "Akademik Tscherski" and "Fortuna" are suspiciously followed by the United States. Because the Americans expect the Russians to ultimately succeed in completing the pipeline. The next economic policy intervention is therefore already being planned in Washington.
Grenell met with senators and MPs last week. "Further sanctions meet non-partisan approval," he reported. "Despite the election campaign, legislation could go ahead quickly." The Americans' goal: to prevent the pipeline from going into operation, if not construction. It is still unclear what form the new sanctions would take. One possibility would be to threaten companies with trade fines who use special equipment to maintain the pipelines. Sanctions against Russian gas buyers are also discussed in Washington.
https://translate.google.com/translate?sl=de&tl=en&u=https%3A%2F%2Fwww.handelsblatt.com%2Fpolitik%2Finternational%2Fostseepipeline-abschiedsgruss-von-us-botschafter-grenell-neue-drohung-gegen-nord-stream-2%2F25861262.html
The United States is preparing further sanctions against Nord Stream 2.
Berlin Richard Grenell did not make many friends in Berlin, but this was never his intention. The outgoing US ambassador did not come as a diplomat, he came as a banner bearer of the America first ideology of his president Donald Trump - and so he also says goodbye.
In the usual undiplomatic tone, Grenell calls on the federal government to fundamentally rethink its policy on Russia. "Germany must stop feeding the beast while not paying enough for NATO ," he told the Handelsblatt. Grenell had already left Berlin on Sunday. He will probably never come back to Germany.
The Americans have long been bothered by German imports of Russian gas. Above all , they fought the Nord Stream 2 Baltic Sea pipeline with a determination that had long been underestimated in the federal government. At the end of last year, the USA managed to force a construction freeze. Your means: threats of sanction against western specialist companies who lay the pipes on the bottom of the Baltic Sea with their ships. Since then, the Russians have been trying to complete the rest of the pipeline themselves. To do this, they moved two ships to German coastal waters.
The movements of the ships "Akademik Tscherski" and "Fortuna" are suspiciously followed by the United States. Because the Americans expect the Russians to ultimately succeed in completing the pipeline. The next economic policy intervention is therefore already being planned in Washington.
Grenell met with senators and MPs last week. "Further sanctions meet non-partisan approval," he reported. "Despite the election campaign, legislation could go ahead quickly." The Americans' goal: to prevent the pipeline from going into operation, if not construction. It is still unclear what form the new sanctions would take. One possibility would be to threaten companies with trade fines who use special equipment to maintain the pipelines. Sanctions against Russian gas buyers are also discussed in Washington.
https://translate.google.com/translate?sl=de&tl=en&u=https%3A%2F%2Fwww.handelsblatt.com%2Fpolitik%2Finternational%2Fostseepipeline-abschiedsgruss-von-us-botschafter-grenell-neue-drohung-gegen-nord-stream-2%2F25861262.html
39
RWSGFY
2020 Jun 2, 10:47am
RWSGFY
2020 Jun 2, 10:47am
Gas Surplus Is So Big That Russian Flow Cut Can’t Move EU Prices
(Bloomberg) -- The natural gas glut is now so severe that prices hardly move even when Europe’s biggest supplier curbs flows to the region.
Europe is choking with gas as demand slumped in line with the virus-stricken global economy, storage sites are fuller than usual and little respite is seen in liquefied natural gas imports even with benchmark prices near record lows.
As traders watch for signs when key producers such as Russia and Norway start curbing flows, Gazprom PJSC, which has one of the lowest marginal costs of importers to Europe, briefly reduced shipments through a key link via Belarus and Poland. Russia’s move wasn’t enough to give prices a sustainable lift.
“Natural gas demand is very weak and low prices are signaling supply must be cut,” said Trevor Sikorski, a gas analyst at Energy Aspects Ltd. in London. “Prices will stay in a range in which it pressures supplies. Cuts now are keeping prices falling further.”
https://finance.yahoo.com/news/gas-surplus-big-russian-flow-040000772.html
(Bloomberg) -- The natural gas glut is now so severe that prices hardly move even when Europe’s biggest supplier curbs flows to the region.
Europe is choking with gas as demand slumped in line with the virus-stricken global economy, storage sites are fuller than usual and little respite is seen in liquefied natural gas imports even with benchmark prices near record lows.
As traders watch for signs when key producers such as Russia and Norway start curbing flows, Gazprom PJSC, which has one of the lowest marginal costs of importers to Europe, briefly reduced shipments through a key link via Belarus and Poland. Russia’s move wasn’t enough to give prices a sustainable lift.
“Natural gas demand is very weak and low prices are signaling supply must be cut,” said Trevor Sikorski, a gas analyst at Energy Aspects Ltd. in London. “Prices will stay in a range in which it pressures supplies. Cuts now are keeping prices falling further.”
https://finance.yahoo.com/news/gas-surplus-big-russian-flow-040000772.html
41
AD
2020 Jun 2, 3:20pm
AD
2020 Jun 2, 3:20pm
.
That easy to figure out why. At least the Germans have cheap gas to heat their homes in the winter months.
.
That easy to figure out why. At least the Germans have cheap gas to heat their homes in the winter months.
.
42
RWSGFY
2020 Jun 2, 10:48pm
RWSGFY
2020 Jun 2, 10:48pm
Natural Gas May Be the Next Commodity to Trade Below Zero
(Bloomberg) -- The specter of negative prices is hanging over energy markets more than a month after oil’s unforgettable crash below zero.
... the $600 billion global gas market remains extraordinarily oversupplied. Traders and analysts say the worst may be yet to come as demand falls and storage nears capacity, creating the ideal conditions for negative prices in some parts of the world.
It shows just how far the global energy industry is from recovering from a pandemic-fueled slide in demand and signals more pain for producers from the shale fields of Texas to Australia’s Curtis Island. Unlike the oil market, there’s been no sign of a coordinated response to address the glut, meaning the fallout could be deeper and longer.
https://finance.yahoo.com/news/natural-gas-may-next-major-230000786.html
(Bloomberg) -- The specter of negative prices is hanging over energy markets more than a month after oil’s unforgettable crash below zero.
... the $600 billion global gas market remains extraordinarily oversupplied. Traders and analysts say the worst may be yet to come as demand falls and storage nears capacity, creating the ideal conditions for negative prices in some parts of the world.
It shows just how far the global energy industry is from recovering from a pandemic-fueled slide in demand and signals more pain for producers from the shale fields of Texas to Australia’s Curtis Island. Unlike the oil market, there’s been no sign of a coordinated response to address the glut, meaning the fallout could be deeper and longer.
https://finance.yahoo.com/news/natural-gas-may-next-major-230000786.html
44
AD
2020 Jun 28, 12:36pm
AD
2020 Jun 28, 12:36pm
.
I question if we'll see a quick spike in natural gas prices because of the steady reduction in natural gas rigs.
.
I question if we'll see a quick spike in natural gas prices because of the steady reduction in natural gas rigs.
.
47
Eric Holder
2020 Jul 14, 11:11am
Eric Holder
2020 Jul 14, 11:11am
https://www.ft.com/content/ffa48632-7456-4adf-8be1-786ae35b3394?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev&yptr=yahoo
Gazprom has reported its first quarterly loss in more than four years as the coronavirus pandemic slashes gas demand and prices.
A 30 per cent fall in the value of the rouble during the first quarter of 2020 sparked by the oil price collapse compounded a slide in both shipments and prices for the Russian state gas group that is expected to continue throughout the year.
The $1.64bn loss underscores the deep fiscal pain that the Covid-19 pandemic will have on Russia, which is reeling from both an economic recession caused by a domestic lockdown and a global slowdown and a significant reduction in government tax revenues from lower oil, gas and other commodity sales.
Gazprom has reported its first quarterly loss in more than four years as the coronavirus pandemic slashes gas demand and prices.
A 30 per cent fall in the value of the rouble during the first quarter of 2020 sparked by the oil price collapse compounded a slide in both shipments and prices for the Russian state gas group that is expected to continue throughout the year.
The $1.64bn loss underscores the deep fiscal pain that the Covid-19 pandemic will have on Russia, which is reeling from both an economic recession caused by a domestic lockdown and a global slowdown and a significant reduction in government tax revenues from lower oil, gas and other commodity sales.
48
Eric Holder
2020 Jul 16, 12:10pm
Eric Holder
2020 Jul 16, 12:10pm
Pompeo Warns Energy Majors Over New Russian Gas Pipelines
(Bloomberg) -- The U.S. is moving toward sanctions against energy companies involved in Russian pipelines to Europe and Turkey, escalating a threat to punish allies for pursuing projects that the U.S. argues will only benefit Russia.
s Europe’s domestic gas supplies decline, the region is becoming more dependent on imported fuel. The almost 10 billion-euro ($11 billion) Nord Stream 2 project from Russia to Germany is being financed by companies including Royal Dutch Shell Plc, Germany’s Uniper SE and Wintershall AG and France’s Engie SA. Allseas Group SA is helping to expand the Turk Stream link.
“Get out now or risk the consequences,” Secretary of State Michael Pompeo said at the State Department on Wednesday.
Under Wednesday’s move, the administration updated its guidance for companies seeking to abide by the Countering America’s Adversaries Through Sanctions Act, or Caatsa, which is aimed at limiting business with Russia. The new guidance broadens the scope of the sanctions by making clear that more companies than previously thought could face sanctions for their work on the pipelines.
https://finance.yahoo.com/news/pompeo-warns-energy-majors-over-080020531.html
(Bloomberg) -- The U.S. is moving toward sanctions against energy companies involved in Russian pipelines to Europe and Turkey, escalating a threat to punish allies for pursuing projects that the U.S. argues will only benefit Russia.
s Europe’s domestic gas supplies decline, the region is becoming more dependent on imported fuel. The almost 10 billion-euro ($11 billion) Nord Stream 2 project from Russia to Germany is being financed by companies including Royal Dutch Shell Plc, Germany’s Uniper SE and Wintershall AG and France’s Engie SA. Allseas Group SA is helping to expand the Turk Stream link.
“Get out now or risk the consequences,” Secretary of State Michael Pompeo said at the State Department on Wednesday.
Under Wednesday’s move, the administration updated its guidance for companies seeking to abide by the Countering America’s Adversaries Through Sanctions Act, or Caatsa, which is aimed at limiting business with Russia. The new guidance broadens the scope of the sanctions by making clear that more companies than previously thought could face sanctions for their work on the pipelines.
https://finance.yahoo.com/news/pompeo-warns-energy-majors-over-080020531.html
49
Eric Holder
2020 Aug 10, 11:18am
Eric Holder
2020 Aug 10, 11:18am
Moscow. 10th of August. INTERFAX.RU - The average price of Gazprom's gas exports in June 2020 fell to $ 82 per thousand cubic meters from $ 94 in May, follows from the data of the Federal Customs Service of Russia. This price is lower and lower than the price of the break-even level of Russian gas supplies to Europe.
According to Interfax's estimates, the profitable level of exports for Gazprom is at least $ 100 per 1,000 cubic meters: $ 13 - production cost, $ 14 - MET, $ 27 - transportation across Russia, at least $ 20 - transportation to target markets in Europe - over $ 70 in total and then add 30% customs duty. And according to Fitch Ratings, the break-even level is $ 105 per thousand cubic meters.
In January 2020, according to the Federal Customs Service, the average price for Gazprom's export portfolio was $ 162, in February - $ 143, in March - $ 125, in April - $ 109, in May - $ 94 per thousand cubic meters.
Thus, for the second reporting month, Gazprom has been selling gas abroad at a loss.
Gas prices under Gazprom's contracts continued to fall steeply, although spot quotes began to recover from historic lows reached in May.
According to Interfax's estimates, the profitable level of exports for Gazprom is at least $ 100 per 1,000 cubic meters: $ 13 - production cost, $ 14 - MET, $ 27 - transportation across Russia, at least $ 20 - transportation to target markets in Europe - over $ 70 in total and then add 30% customs duty. And according to Fitch Ratings, the break-even level is $ 105 per thousand cubic meters.
In January 2020, according to the Federal Customs Service, the average price for Gazprom's export portfolio was $ 162, in February - $ 143, in March - $ 125, in April - $ 109, in May - $ 94 per thousand cubic meters.
Thus, for the second reporting month, Gazprom has been selling gas abroad at a loss.
Gas prices under Gazprom's contracts continued to fall steeply, although spot quotes began to recover from historic lows reached in May.
50
Eric Holder
2020 Aug 10, 5:46pm
Eric Holder
2020 Aug 10, 5:46pm
TrumpingTits says
... until the S in that acronym goes tits up from overstretching itself. Just like it did last time.
Gazprom is a SOE. So it doesn't matter if it is profitable or not.
... until the S in that acronym goes tits up from overstretching itself. Just like it did last time.
51
Eric Holder
2020 Sep 8, 9:13am
Eric Holder
2020 Sep 8, 9:13am
No Nord Stream 2? No problem for Germany, economists say
FRANKFURT/BERLIN/DUESSELDORF (Reuters) - Abandoning the nearly complete Nord Stream 2 gas pipeline from Russia to Germany could create a legal mess and nudge up energy costs for European households but Germany would cope with any disruption to supplies, economists say.
German Foreign Minister Heiko Maas at the weekend questioned the project -- thus far supported by Germany -- following the suspected poisoning of Kremlin critic Alexei Navalny.
Chancellor Angela Merkel's spokesman reinforced the shift in tone on Monday, saying she shared the view of Maas, who told newspaper Bild am Sonntag: "I certainly hope that the Russians will not force us to change our position on Nord Stream 2."
Their comments cast doubt over the future of a project that is more than 90% complete, scheduled to operate from early 2021 and which would double the capacity of the existing Nord Stream 1 pipeline from Russia to Germany, Europe's largest economy.
Knocking out that additional capacity would put upward pressure on gas prices. But reduced energy demand due to the COVID-19 pandemic, and slack in the German economy, would give Berlin time to work out alternative additional supply sources.
"Germany could easily afford it," Berenberg Bank economist Holger Schmieding said of the possibility of axing the pipeline, describing the impact on economic output as "negligible".
https://finance.yahoo.com/news/no-nord-stream-2-no-164201815.html
FRANKFURT/BERLIN/DUESSELDORF (Reuters) - Abandoning the nearly complete Nord Stream 2 gas pipeline from Russia to Germany could create a legal mess and nudge up energy costs for European households but Germany would cope with any disruption to supplies, economists say.
German Foreign Minister Heiko Maas at the weekend questioned the project -- thus far supported by Germany -- following the suspected poisoning of Kremlin critic Alexei Navalny.
Chancellor Angela Merkel's spokesman reinforced the shift in tone on Monday, saying she shared the view of Maas, who told newspaper Bild am Sonntag: "I certainly hope that the Russians will not force us to change our position on Nord Stream 2."
Their comments cast doubt over the future of a project that is more than 90% complete, scheduled to operate from early 2021 and which would double the capacity of the existing Nord Stream 1 pipeline from Russia to Germany, Europe's largest economy.
Knocking out that additional capacity would put upward pressure on gas prices. But reduced energy demand due to the COVID-19 pandemic, and slack in the German economy, would give Berlin time to work out alternative additional supply sources.
"Germany could easily afford it," Berenberg Bank economist Holger Schmieding said of the possibility of axing the pipeline, describing the impact on economic output as "negligible".
https://finance.yahoo.com/news/no-nord-stream-2-no-164201815.html
52
Eric Holder
2020 Oct 8, 1:12pm
Eric Holder
2020 Oct 8, 1:12pm
Poland fines Russia's Gazprom $7.6 billion over pipeline
WARSAW, Poland (AP) — Polish antitrust authorities have fined Russia's state-owned energy giant Gazprom $7.6 billion (6.5 billion euros) for building the Nord Stream 2 gas pipeline to Germany, saying the project hurts Polish consumers and increases Europe’s dependence on Russian imports.
....
The Polish authorities said the companies failed to obtain the required permission to jointly build and finance the pipeline, saying that violated antitrust laws. The decision obliges the six companies to cancel their contracts for financing the project.
“Carrying out the project is tantamount to breaking the rules of law and of fair competition that will lead to an increased dependence of gas recipients on the internal market on one supplier - Gazprom,” the antitrust office said.
....
https://finance.yahoo.com/news/poland-fines-russias-gazprom-7-102519721.html
WARSAW, Poland (AP) — Polish antitrust authorities have fined Russia's state-owned energy giant Gazprom $7.6 billion (6.5 billion euros) for building the Nord Stream 2 gas pipeline to Germany, saying the project hurts Polish consumers and increases Europe’s dependence on Russian imports.
....
The Polish authorities said the companies failed to obtain the required permission to jointly build and finance the pipeline, saying that violated antitrust laws. The decision obliges the six companies to cancel their contracts for financing the project.
“Carrying out the project is tantamount to breaking the rules of law and of fair competition that will lead to an increased dependence of gas recipients on the internal market on one supplier - Gazprom,” the antitrust office said.
....
https://finance.yahoo.com/news/poland-fines-russias-gazprom-7-102519721.html
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"
How Russian energy giant Gazprom lost $300bn.
It was not too long ago that Gazprom, Russia’s state-controlled energy conglomerate, was one of the Kremlin’s most powerful weapons. But those days now seem like a distant memory. Today, Gazprom is a financial shadow of its former self.
The speed of Gazprom’s decline is breathtaking. At its peak in May 2008, the company’s market capitalisation reached $367bn (£237bn), making it one of world’s most valuable companies, according to a survey compiled by the Financial Times. Only fellow Exxonmobile and PetroChina were worth more. Gazprom’s deputy chair Alexander Medvedev repeatedly predicted that within a decade the Russian energy giant could be worth $1 trillion.
That prediction now seems foolhardy. Since 2008, Gazprom’s value has plummeted. In early August it had a market capitalisation of $51bn – losing more than $300bn. No company among the world’s top 5,000 has suffered a bigger collapse, Bloomberg Business News reported in April 2014, and by the end of the year net income had fallen by an astonishing 86%.
Though share prices have rallied slightly since, indicators suggest Gazprom has further to fall. Lingering uncertainty raises questions about whether it can survive, with production continuing to tumble downward.
So what happened? Why is a company with the world’s largest gas reserves, operating in a country bordering China and the European Union – two of the world’s top energy consumers, performing so badly?"
http://www.theguardian.com/world/2015/aug/07/gazprom-oil-company-share-price-collapse